Accounts receivable primarily consists of trade accounts receivable, contracts in transit and manufacturer receivables. Trade receivables include amounts due from customers on the sale of boats, parts, service, and storage. Contracts in transit represent anticipated funding from the loan agreement customers execute at the dealership when they purchase their new or pre-owned boat. These finance contracts are typically funded within 30 days. Amounts due from manufacturers represent receivables for various manufacturer incentive programs and parts and service work performed pursuant to the manufacturers’ warranties.

The allowance for credit losses is estimated based on past collection experience, current conditions and reasonable and supportable forecasts. The activity for charges and subsequent recoveries is immaterial.


($ in thousands)	March 31, 2025		September 30, 2024
Contracts in transit	$	39,866	$	20,437
Trade accounts receivable	28,005		32,578
Manufacturer receivable	14,685		11,435
Income tax receivable	9,573		9,370
Total accounts receivable	92,129		73,820
Less – allowance for credit losses	(490)		(551)
Total accounts receivable, net	$	91,639	$	73,269